Hopeful monetary actions needed are moderate vs peers: RBI deputy governor Michael Patra

Patra said the central bank will not allow "jerky movements" of Rupee and stressed that the Indian currency has witnessed least depreciation in recent times. Addressing an interactive session on 'Geo-Political Spillovers and Indian Economy', he attributed the lesser depreciation of Rupee to high foreign exchange reserves of around $600 billion.

Hopeful monetary actions needed are moderate vs peers: RBI deputy governor Michael Patra
Patra said the central bank will not allow "jerky movements" of Rupee and stressed that the Indian currency has witnessed least depreciation in recent times. Addressing an interactive session on 'Geo-Political Spillovers and Indian Economy', he attributed the lesser depreciation of Rupee to high foreign exchange reserves of around $600 billion.